Search

Publications

This book is the latest addition to our list of publications and it provides basic information on Islamic finance. It is meant to be a useful reference tool to the majority of insolvency practitioners who do not work in this field. The chapters in this book were selected on the basis that it is expected that most INSOL members currently have very limited understanding of Islamic finance....

The book is divided into 12 country chapters and is presented in a question and answer format that makes it a very user friendly.

Each chapter covers a wide range of key issues that are important to insolvency practitioners including the type of security rights available in each jurisdiction, how security rights are enforced, grounds upon which security rights can be challenged or...

Follow Us

Australia's Aurizon in Talks to Buy Debt-Saddled Coal Port

Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt, the International New York Times reported on a Reuters story. A purchase would mark a change in strategy under new Chief Executive Andrew Harding for Australia's largest rail freight operator, which runs nearly 2,700 kms (1,680 miles) of rail lines transporting millions of tonnes of coal a year. A successful deal would also be a relief for mining giant Glencore and four partners who face a September 2018 deadline to start paying down the debt on the world's most expensive coal port. "It is strategically sensible for Aurizon to be considering the acquisition of WICET," said Morgans Stockbroking analyst Nathan Lead. "It's already providing the rail logistics into the terminal, so an acquisition would be a vertical integration play." Aurizon said it was in preliminary discussions with undisclosed parties for a deal that would see it acquire the coal terminal, while "other consortium members" would acquire one or more of the coal mines that use the port. Read more.(Subscription required.)